Unlimited Debt. “Snowplowgate.” Fed Model

(1) Geithner wants debt limit raised now. (2) Paul Ryan says OK. (3) Publicly held federal debt doubled in the past 2½ years. (4) Over $5tn of federal debt is held by the government. (5) Central banks own 43.4% of US Treasuries. (6) All that liquidity explains melt up in commodity prices. (7) Why higher commodity prices are good for profits. (8) The battle between private and public sectors has started on the streets of NYC. (9) The Fed still trusts the Fed Model. (10) Bernanke's big omission. NOTICE: Our Morning Briefings are now available on FactSet.